VanEck Solana ETF Sees 6.6% Asset Outflow Amid Token Rally
Investors in the VanEck Solana ETF, VSOL, have grown cautious, pulling $1,997,800 from the fund on September 29, 2026, in a single-day outflow. This marked a 6.6% reduction in the fund's assets under management, which now stand at $30.37 million. The outflow is significant, representing one of the largest single-day withdrawals since the ETF's launch.
The Solana token, SOL-USD, has been on a three-month rally, increasing by about 57%. However, despite the ETF outflow, the token's short-term technical outlook remains positive, with a 1-day signal pointing to a Buy. This suggests that traders still see upside in the token, even as institutional investors lock in gains.
The divergence between ETF flows and spot price momentum highlights the evolving landscape of Solana exposure across market segments. Some institutional holders appear to be de-risking after the recent surge, while directional traders continue to bet on the rally.